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Charlies Stores Ltd investing in Mid Wales

21 November 2018

 

Charlies Stores Ltd, the home, garden and great outdoors retail and wholesale operator has officially opened its new head office, E commerce and warehousing facility at Offa’s Dyke Business Park, Welshpool following a £5.5 million investment supported by Barclays.

The 102,000 square foot facility will consolidate 7 existing warehousing and fragmented office locations into this purpose built unit with capacity for significant business growth, securing the future of 60 warehousing and head office jobs, vital to the local economy.

Employing over 400 staff across 8 retail stores, with over 70,000 product lines from clothing to Christmas, homeware to hardware and pets to power tools, Charlie’s Stores is bucking the trend within the retail sector using its staff expertise and competitive pricing to deliver a sustainable business model.

Rebecca Lloyd, Charlies Stores Ltd, Company Director said “We are an independent family owned business, passionate about our mid Wales heritage. My Dad Chris, bought the business back in the early 80’s while working at “Charlie’s” when it was an army surplus store based in Newtown. 30 years later we now have a £46 million turnover business employing over 400 staff.”

Paul Ffoulkes, Barclays Relationship Director, said “Barclays is committed to using our industry expertise and specialists to support such propositions, which are vital to a prosperous economy. By working in partnership with our client, Barclays has been able to provide innovative solutions to support Charlies Stores both financially and professionally throughout the relocation and expansion. Investment in the new premises demonstrates both Barclays and the management team’s confidence in the potential growth and success of the business.”

Rebecca Lloyd continues “The fantastic new premises are integral to the continued success of the business. Over the next 6 years we plan to open a further 4 stores and expand our E commerce business. Currently 25% of our online sales are generated from inside the M25 so we know there is a large opportunity to capitalise on our E commerce service and pricing strategy across the UK.

Running a business is tough as the responsibility for the expansion and success of the business can sometimes weigh heavy when other people’s livelihoods depend on my decisions, but the flexibility to make those decisions and making lifelong friends along the way make it all worthwhile.”